The full list of the 10 top housing hot spots for 2025, in alphabetical order, includes:
- Boston-Cambridge-Newton, Massachusetts-New Hampshire
- Charlotte-Concord-Gastonia, North Carolina-South Carolina
- Grand Rapids-Kentwood, Michigan
- Greenville-Anderson, South Carolina
- Hartford-East-Hartford-Middletown, Connecticut
- Indianapolis-Carmel-Anderson, Indiana
- Kansas City, Missouri-Kansas
- Knoxville, Tennessee
- Phoenix-Mesa-Chandler, Arizona
- San Antonio-New Braunfels, Texas
Diving In deeperNAR based the list on key economic, demographic and housing factors, according to the release. The factors used to determine the top housing hot spots for 2025 are:
- Share of locked-in homeowners
- Average mortgage rate
- Job growth
- Share of millennial renters who can afford to buy a home
- Net migration to population ratio
- Share of households reaching homebuying age in the next five years
- Share of out-of-state movers purchasing a home
- Share of homeowners surpassing the average length of tenure
- Share of starter-owner occupied units
- Home price appreciation
In their own words Pierson pointed to several factors contributing to New Braunfels’ recognition, including population growth and housing demand.
“New Braunfels continues to see steady migration from other states, particularly from major metro areas like New York, Los Angeles, Dallas and Salt Lake City,” he said.